Another Europe News
Gold bugs bail out – economy
The price of gold continues to tumble. It is down to its lowest in almost three years and is on…
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http://www.euronews.com/2013/06/26/gold-bugs-bail-out
The price of gold continues to tumble. It is down to its lowest in almost three years and is on course for a record loss in the past three months.
Investors are selling because they believe the Federal Reserve could soon end its ultra-loose monetary policy intended to stimulate the US economy.
The latest economic data from the states increased those fears. There have been strong gains in US orders for durable goods, the largest annual rise in house prices in seven years and consumer confidence is rising.
Some analyst are predicting gold falling below $1,000 an ounce. Spot prices have fallen by more than a quarter this year and by 22.8 percent this quarter.
“We bought gold for two reasons – because we were worried about the inflationary impact of policy and because we thought the financial system was going to fall apart,” said Sean Corrigan, chief investment strategist at Diapason Commodities Management.
“Although it may be completely the wrong judgement, the market has decided that none of those at the moment is a concern.”
Demand in number one consumer India is likely to fall this quarter as the government moves to curb gold imports to reduce a record current account deficit.
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Zelenskyy and his wife laid flowers at the Wall of Remembrance, a memorial to Ukraine’s fallen defenders in Kyiv.
Ukraine marked its 35th anniversary of the restoration of its independence as Russia pushes on with its 4-year-old invasion of the country.
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Another Europe News
Trump administration ‘woke Europe up’ from slumber, US ambassador tells Euronews
Trump administration ‘woke Europe up’ from slumber, US ambassador tells Euronews
Ambassador Andrew Puzder told Euronews’ Europe Today morning show that Trump and his team have helped stop Europe from “hitting the snooze button” and jolt the continent into action.
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The economic crisis which has engulfed Greece could be the tip of the iceberg according to French economist, writer and thinker Jacques Attali.
The former chief of the European Bank for Reconstruction and Development has long advocated a single tax and fiscal policy within the Eurozone, and warns failure to do so could be catastrophic.
In his latest book, he asks whether “we will all be ruined in 10 years?”
With regards to Greece, Attali argues the European Union should have intervened several months ago.
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Kazakhstan enters a new political era after historic parliamentary reform
Kazakhstan implemented a major parliamentary reform, replacing the former bicameral Parliament with a new unicameral legislature, the Kurultai. The new Parliament consists of 145 seats, with five parties securing representation.
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Tsikhanouskaya: Euronews ban in Belarus turns viewers into targets of repression
Tsikhanouskaya: Euronews ban in Belarus turns viewers into targets of repression
Belarusian opposition leader Sviatlana Tsikhanouskaya has condemned Minsk’s designation of Euronews as “extremist” media, calling it an attack on both press freedom and the broadcaster’s audience in Belarus.
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